Daiwa Securities Group Inc
31 January 2006

                                                                January 31, 2006

                                                     Daiwa Securities Group Inc.



Results of Stock Repurchase via ToSTNeT-2



Following its notice yesterday (January 30, 2006) on stock repurchase details,
Daiwa Securities Group Inc. announced today the results of the repurchase as
follows.

1.       Type of shares:                        Common shares

2.       Total number of shares repurchased:    4,550,000 shares

3.       Repurchase price:                      1,390 yen

4.       Total value of shares repurchased:     6,324,500,000 yen

5.       Date of repurchase:                    January 31, 2006

6.       Method of repurchase:                  Repurchase through ToSTNeT-2
                                                (Tokyo Stock Exchange Trading 
                                                Network System)
                                                ('closing price trade')



For Reference

1. Details of the repurchase as approved by the Board of Directors meeting of
Daiwa Securities Group Inc. on January 27, 2006.

(1) Type of shares:                                      Common shares

(2) Total number of shares:                              Up to 10 million shares

(3) Total amount of acquisition price of shares:         Up to 20 billion yen



2. Acquisition executed as of January 31, 2006

(1) Total number of shares repurchased:                   4,550,000 shares

(2) Total value of shares repurchased:                    6,324,500,000 yen




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